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500 Farrell Drive #o93
Palm Springs, CA 92264
Sold
500 Farrell Drive #o93
Palm Springs, CA 92264
Sold
Remodeled Ground Floor Condo in Beautiful Palm Springs, CA! The condo is nearly completely remodeled from top to bottom with new paint, floors, appliances, kitchen, bathroom fixtures, and comes fully furnished (with right offer). 2 Spacious Bedrooms, 2 Bathrooms, private Laundry and Low HOA! The Association dues include building maintenance, community maintenance, 4 association pools, Tennis, water, Internet, Cable TV, trash, and much more. You are located in an area of Palm Springs that is close to everything. Minutes to downtown and the airport. This unit is almost 100% occupied during the year generating nearly $4,000 a month income. Pro Rata at $150 a night would easily increase profits to $52,000 annual gross income. The numbers speak for themselves. This would be perfect for an AirBnB portfolio investor, Split-Year owner-user, or simply a perfect retirement home. Expand your rental exposure to include VRBO, Orbitz, Self Sustaining Website, and More! Don't forget this is NOT LEASED LAND! You own it. Perfect if you need a 1031 exchange. Buy this unit and earn immediate income.
PROPERTY INFORMATION
| MLS # | IV23036334 | Lot Size | 1,307 Sq. Ft. |
| HOA Fees | $450/Monthly | Property Type | Condominium |
| Price | $ 419,000
Price Per SqFt: $ 357 |
DOM | 666 Days |
| Address | 500 Farrell Drive #o93 | Type | Residential |
| City | Palm Springs | Sq.Ft. | 1,175 Sq. Ft. |
| Postal Code | 92264 | Garage | N/A |
| County | Riverside | Year Built | 1984 |
| Bed / Bath | 2 / 2 | Parking | 1 |
| Built In | 1984 | Status | Closed |
| Sold Date | 2023-05-08 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Dryer Included, Electric Dryer Hookup, Inside, Washer Hookup, Washer Included |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Appliances | Yes |
| Kitchen Appliances | Dishwasher, Electric Oven, Electric Range, Electric Cooktop, Disposal, Microwave, Refrigerator |
| Kitchen Information | Kitchen Open to Family Room, Stone Counters |
| Kitchen Area | In Family Room, Dining Room |
| Has Heating | Yes |
| Heating Information | Central |
| Room Information | All Bedrooms Down, Kitchen, Laundry, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom, Master Suite |
| Has Cooling | Yes |
| Cooling Information | Central Air |
| Flooring Information | Tile, Vinyl |
| InteriorFeatures Information | Balcony, Formica Counters, Furnished |
| Has Spa | Yes |
| SpaDescription | Association |
| Bathroom Information | Shower in Tub, Formica Counters |
| Main Level Bedrooms | 2 |
| Main Level Bathrooms | 2 |
EXTERIOR FEATURES
| Roof | See Remarks |
| Has Pool | No |
| Pool | Association |
| Has Patio | Yes |
| Patio | Concrete, Rear Porch, Slab |
| Has Fence | Yes |
| Fencing | See Remarks |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $447
- Home Insurance:$119
- HOA Fees:$450
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 05/08/2023 | Sold | $400,000 |
| 04/15/2023 | Pending | $419,000 |
| 03/28/2023 | Price Change | $419,000 (-1.41%) |
| 03/03/2023 | Listed | $425,000 |
Topfind Realty
REALTOR®
(844)-333-8033
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Listing provided courtesy of JOSEPH HUELSKAMP, EXP REALTY OF CALIFORNIA INC. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
